Under IFRS, the operating activities section may begin with something other than net income when using the indirect method.

Name: Under IFRS, the operating activities section may begin with something other than net income when using the indirect method.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

The indirect method of presenting the operating activities section of the statement of cash flows begins with net income and then adds back non-cash expenses and subtracts non-cash gains to arrive at cash flow from operating activities.

Under IFRS, the Operating Activities Section May Begin with Something